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Decentraland Launches Ethereum-Based Virtual Gaming World

21 February 2020 17:37, UTC
Decentraland Launches Ethereum-Based Virtual Gaming World
By Anna Martynova

The Decentraland project is launched on the Ethereum blockchain. The company first opened its virtual world on the blockchain to the public after raising $ 24 million through an ICO in 2017. Here the land ownership can be paid with cryptocurrency. Guests have the opportunity to explore the virtual world for free.

In order to celebrate the launch, Decentraland starts a four-day treasure hunt. Guests can search for regular and collectible tokens provided by the projects Matic, CryptoKitties, Aragon, Gods Unchained, and Chainbreakers. The total prize pool is more than $100,000.

Each of Decentraland's LAND tokens represents a piece of virtual land that users can trade in the Decentraland market absolutely free. These tokens have been in public circulation since December 2018. Since then, LAND tokens have become the best-selling Ethereum NFT. According to the OpenSea rating, currently the trade volume in LAND tokens per week is equivalent to approximately 2000 ETH ($550,000).

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